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Here We Go Again - LandAmerica Files Bankruptcy Chapter 11

By
Real Estate Agent with Better Homes and Gardens Mason-McDuffie Real Estate

It seems like just yesterday that Financial Title closed their doors. Now we have LandAmerica shutting down their 1031 exchange, filing bankruptcy, and selling off part of the business to Fidelity. Who will be next?

This downturn has affected all aspects of the business and we will keep seeing the fallout for quite some time. It is sad to think of more people displaced from jobs, homes, etc...as we go into the holiday season. When things are rough, we need to remember that there are those who are less fortunate than us, and count our blessings for what we have.